SEI Investments (SEIC) Stock Forecast & Price Target

SEI Investments is positioned favorably because it is delivering consistent core EPS beats, with GAAP EPS of $1.59 and core EPS of $1.66 in 2Q26, supported by higher revenues, lower expenses, and investment gains. Its profitability is also improving, as the core operating margin rose to 32.3%—the highest level since 2009 in the model—while management expects margins to remain in the 30%+ range amid sales wins, outsourcing trends, and expense discipline. Growth visibility is reinforced by strong demand, including $43.5M of net sales events in 2Q26, $67.2M in 1Q26, and a record $185M over the past year, alongside roughly $1.9 trillion in assets managed, administered, or advised.

SEI Investments is facing a mixed fundamental backdrop, where broad-based margin expansion suggests strong operating discipline but also underscores that the business may be increasingly reliant on efficiency gains rather than robust top-line acceleration. The core operating margin reached 31.5% versus 29.5% in 4Q25, with private banks at 21.2%, institutional investors at 48.1%, and investment advisors at 47.1%, while investment managers slipped to 39.4%, showing segment-level inconsistency. Despite improved profitability, the dependence on sustained expense control and revenue growth to keep margins in the 30%+ range leaves the outlook cautious if growth momentum weakens.